Jet Optoelectronics Co (ROCO:2255) Long-Term Capital Lease Obligation : NT$256 Mil (As of Dec. 2023)

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What is Jet Optoelectronics Co Long-Term Capital Lease Obligation?

Jet Optoelectronics Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was NT$256 Mil.

Jet Optoelectronics Co's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (NT$303 Mil) to Jun. 2023 (NT$279 Mil) and declined from Jun. 2023 (NT$279 Mil) to Dec. 2023 (NT$256 Mil).

Jet Optoelectronics Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (NT$26 Mil) to Dec. 2022 (NT$303 Mil) but then declined from Dec. 2022 (NT$303 Mil) to Dec. 2023 (NT$256 Mil).

Jet Optoelectronics Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jet Optoelectronics Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jet Optoelectronics Co Long-Term Capital Lease Obligation Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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37.07

33.31

25.93

303.03

256.25

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					25.93	304.14	303.03	278.89	256.25

Jet Optoelectronics Co (ROCO:2255) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Jet Optoelectronics Co (ROCO:2255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

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